Browse Tag: patricia del rosso

NAR Conference & Expo: Inland’s Patricia DelRosso Talks 1031 Exchanges

Tax

Tax-deferred exchanges of commercial property can postpone and even eliminate federal taxes due on the sale of properties that qualify for tax-deferred status. ┬áSince 1921, the IRS Section 1031 exchange rules have been in place with the intent and effect of generating capital for investment. ┬áTax deferment on an exchange of property in “like kind” as 1031 stipulates is effectively an interest-free loan from the federal government in the amount of the taxes that would have been due on a simple sale.

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